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26763872
26763873

1122 N Superior Avenue, Tomah, WI 54660

SR
WI 58772 - 90, CA 02101543 (+42)
ParaSell Inc
EB
IL 475182760
Sands Investment Group
AM
IL 475212210
Sands Investment Group
Listed by ParaSell Inc, Sands Investment Group
$1,675,000
108 days on market
Updated 12 days ago

Slumberland Anchored Multi-Tenant - Tomah, WI

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 50,900
Cap Rate 9.7%
NOI $162,432
Occupancy 91%
Tenancy Multi
Brand/Tenant Domino's, ZEA Pet Supplies (+5)
Price per SqFt $33
Acreage 5.400
Investment Type Net Lease

9.70% Cap | 51,000 SF Shopping Center | PSF $37 | 91% Leased | Value-Add Upside

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 50,900 SF Slumberland anchored shopping center located at 1122 N Superior Avenue in Tomah, WI. The asset is positioned on a prime parcel with strong visibility along N Superior Avenue, featuring ample parking and easy access. The property boasts a diverse tenant mix of national and local service-oriented businesses, including long-term anchors like Slumberland and Domino's. With high occupancy and stable income streams, this center serves as a key retail hub in the growing Tomah community.

LEARN MORE HERE

Investment highlights

  • Strong Anchor Tenant: This center has been anchored by Slumberland, a 120-location furniture retailer with a new 10-year term lease, for over 20 years. Slumberland occupies over 64% of the GLA at just $2.55 PSF.

  • Diverse Tenant Mix: Features a blend of national brands like Domino's and local service providers such as Security Finance, Express Employment Professionals, and Tomah 2 Nails & Spa, providing recession-resistant income from essential services and retail.

  • High Occupancy and Stable Cash Flow: Currently 91% occupied with Triple Net (NNN) leases that minimize landlord responsibilities; NOI of $162,463 supported by long-term tenants and renewal options.

  • Prime Location in Growing Market: Situated along high-traffic N Superior Ave in Tomah, WI, near major highways (I-90 and I-94), with proximity to key employers, military bases (Fort McCoy), and attractions driving daily traffic.

  • Value-Add Potential: Includes a 4,500 SF vacant space ready for leasing, offering upside through new occupancy to boost NOI.

  • Attractive Pricing: Priced below $33 PSF, providing an excellent entry point for investors seeking yield in a stable Midwest retail market.

  • Strategic Positioning Near Traffic Drivers: Close to national retailers such as O'Reilly Auto Parts, Ace Hardware, Tractor Supply, and Burger King, as well as Tomah Health and the VA Medical Center, enhancing customer draw.

Listing Contacts

SR
WI 58772 - 90, CA 02101543 (+42)
ParaSell Inc
EB
IL 475182760
Sands Investment Group
AM
IL 475212210
Sands Investment Group
Listed by ParaSell Inc, Sands Investment Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,432.00
$13,536.00/mo

Valuation Metrics

0
DSCR
9.7%
Cap Rate
9.7%
ROI

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Additional Information

Name
Scott Reid
License
WI #58772-90
Brokerage
ParaSell, Inc.
Title
Broker of Record
Brokerage Address
In Association With Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Wisconsin Broker Lic. #BRKP.2020001224 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NY, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Name
Scott Reid
License
58772 - 90
Brokerage
ParaSell, Inc.
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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